📊 #BTC/USDT Market Overview

Current Price: $109,895.00

24h Change: +$1,982.00 (+1.84%)

24h High: $109,633.80

24h Low: $107,133.54

24h Volume: 2.46 BTC (~$265,707.09)

🔍 Technical Indicators

📈 Price Action

Bitcoin is trading near its 24-hour high on the BTC/USDT pair, suggesting bullish momentum. The recovery from the day’s low of $107,133.54 shows strong buying interest.

📊 Relative Strength Index (RSI)

#RSI is currently within the neutral range (30–70), indicating a balanced market—neither overbought nor oversold. This leaves room for price movement in either direction.

📉 Moving Average Convergence Divergence (MACD)

The #MACD histogram currently shows no strong bullish or bearish signals, implying a lack of dominant momentum.

📌 Key Support and Resistance Levels

Immediate Resistance: $110,000

Next Resistance: $112,000

Immediate Support: $108,000

Next Support: $106,500

🧠 Trading Strategy Recommendations

For #Spot Traders

Entry Point: Near support at $108,000

Take Profit (TP): Target $110,500 to $112,000

Stop Loss (SL): Below $106,500

For #Futures Traders

Leverage: Use low leverage (2x–3x) to manage current volatility

Entry Point: Wait for a confirmed breakout above $110,000 before entering long

Risk Management: Apply tight SL and TP levels to control downside risk